 | | Los Angeles housing market primed to be nation's second strongest in 2017... |
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January 2017 Real Estate
By Dennis Adelpour Advice for Sellers: January is showing a lot of momentum coming out of a slower December. We are seeing a lot of activity in the market now that the uncertainty of the election is behind us. Buyers are more price sensitive than ever with the higher cost of money and the aggressive price appreciation we’ve seen in recent years. Pricing your property correctly will be a critical factor, but your agents ability to sell the best features of your property while overcoming any potential buyer objections will make the largest difference in your net proceeds. Make sure you and your agent have properly gone through every pro and con of your property in order to create the best showing presentation to the buyer while being prepared with objection handlers for any negatives a buyer may present. Inventory is very limited right now so the right showing presentation and buyer objection handling strategy can make the difference between a successful sale and your property staying on the market for a long period of time. Ask us for a sample of our Seller Pros/Cons Worksheet to help you prepare your home sales presentation and to equip you with the appropriate objection handlers. Advice for Buyers: The new year has started so expect to see more properties coming onto the market. Right now, inventory is very limited as most sellers are preparing their properties to come to market in the coming months. With such a shortage of inventory, it’s critical you have your pre-approval letter ready to go so once you make an offer. Most sellers will not consider your offer if you don’t have the proper documentation for your finances. With the shortage of properties, many buyers are rushing into properties that may not be the best for them. Make a list of your top priorities for a property and keep referring back to that when trying to make a decision. Don’t get caught making an impulse decision on high emotions due to the fear of missing out. Buying the wrong house can be a very costly mistake. With a shortage of inventory, sometimes you need to create your own inventory. A great strategy to find off market properties is to go back 6 - 12 months and review expired listings and properties that were rented out. Most sellers with Expired listings are still willing to sell, you just need to ask them. In addition, homeowners who have leased out their property may have tenants who are planning on moving out. The homeowners may consider selling. Again, you need to ask. For a list of expired listings and older rentals in your desired area, please contact us. |
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Los Angeles Real Estate - 2015 vs 2016
The Los Angeles real estate market is like no other market in the world. To make matters even more interesting, cities within Los Angeles that are very similar to one another can also have considerable differences in the way that particular area appreciates or depreciates in value. As such, it’s great to have an overall understanding of how the market is doing in LA, but to really know where the opportunities are and what to do, we need to analyze each area individually. |
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Live Your Life With Passion.
"Behind every Principal is a Promise."
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896 Beverly Glen, Bel Air
- 2 Bedrooms, 2.5 Bathrooms - 2,221 sqft
- Asking $1,525,000
Private and tranquil setting with the perfect location. This beautiful architectural home offers a cozy and charming environment with an open floor plan, perfect for entertaining. The updated kitchen features high end stainless steel appliances coupled with custom cabinets and granite counter tops. Enjoy the morning sun with an abundance of windows and french doors with easy access to your private and tranquil backyard featuring a 20 foot waterfall, relaxing hot tub and lush landscaping. The master retreat is located on the top floor and features a walk-in closet and spa like master bathroom. Inviting hardwood and slate floors throughout the home highlight the unique and warm experience this property has to offer. Easy and direct access with attached 2 car garage and ample driveway parking. Only minutes away from Rodeo Drive and shops, and a part of the Warner Ave Elementary school district, this is the perfect property to take advantage of all that Bel Air has to offer. |
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22131 Alta Drive. - 3 Bedrooms, 3 Bathrooms - 1,650 sqft
- Asking $1,099,000
A charming and private residence with an amazing view awaits you. This updated contemporary property has a great floor plan featuring an expansive great room that is perfect for entertaining. Buyers will appreciate the numerous windows and skylights throughout the house which flood the property with an abundance of natural light. A newly constructed deck offers over 500 sqft of entertaining space over looking the private and breathtaking view of the mountains and greenery. This home has been freshly painted inside and out and features unique tempered glass counter tops in the kitchen, which accompany the stainless steal appliances. Buyers will appreciate the abundance of storage on the property as well as a walk-in closet in the master bedroom. This property sits on over 58,000 sqft feet of land and the interior of the home was recently measured to be 2,280 sqft. Conveniently located between Malibu and Ventura Blvd, this is the perfect property to enjoy all the amenities Topanga has to offer! |
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 | 7420 Las Lunas - 4 Bedrooms, 3 Bathrooms - 3,677 sqft
- Asking $1,198,000- $1,248,000
An Entertainers Dream with designer finishes. Spectacular home awaits you in the guard gated Santa Monica community of Santaluz, offered at an amazing price. This home is privately located in a cul-de-sac with a large 3 car garage & ample space in the driveway to allow for up to 5 additional cars. Homeowners will enjoy the generously sized flat lot with built-in BBQ, a welcoming patio, a myriad of fruit trees & plenty of space for fun get togethers or intimate family gatherings. Buyers will appreciate the newer wood floors and carpet, complemented by the designer paint choices and an abundance of natural light flooding the rooms. New LED lighting throughout showcases the amazing finishes, coupled with the updated bathrooms which feature new tile floors and granite counter tops. Enjoy the open floor plan with large kitchen leading into the family room and spacious backyard for the perfect indoor/outdoor experience. With an HOA of only $330 a month, this home is part of an amazing community that features tennis, basketball and volleyball courts as well as an amazing pool, hot tub, playground, gym and community BBQ area. Conveniently located close to top rated schools (Willow Grove Elementary is rated 10 out of 10), shops and easy access to major roads and highways, this is the perfect property to enjoy all the luxurious amenities San Diego has to offer |
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This Months Featured Off Market Listing:
30081 Harvester Rd, Malibu, CA 90265
Completely remodeled to the studs, this single story home features ocean views, brand new master bedroom and bathroom with walk in closet, lush landscaping, top rated school district, privacy and a gated entry. This 4 bedroom home and guesthouse is the perfect home for a family or as a vacation home for out of area buyers!
Contact us to find out more about this pocket listing!
WE HAVE OTHERS - If you are interested in Off Market Properties and this months property does not fit your criteria, let us know what you're looking for and we can provide you with other Pocket listings we have available. |
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 | Restaurant of the Month: Tar and Roses - 602 Santa Monica Blvd. |
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